Business Requirements
- Onboarding your business customer into our platform, requires us to collect and verify information about the business and its ownership.
- Typically this will be a discussion between our compliance and onboarding teams. Below is what we would be typically looking for from a Know Your Business (KYB) perspective.
- Requirements are divided into two categories:
- Baseline Requirements: Apply to all Business Customers regardless of vertical.
- Vertical-Specific Requirements: Additional requirements triggered based on the customer’s industry.
Baseline Requirements
These requirements apply to all Business customers
Company Data
- Legal Entity name
- Legal Entity Registration Number
- Legal Entity Type
- Legal Entity Country of Incorporation
- Legal Entity Registration number (EIN/TIN for US)
- Legal Entity Industry
- Legal Entity Registered address
- Legal Entity Operating address (if applicable)
Company Associated parties (associates)
At least 1 Representative, UBO and Director are needed. The same person can share multiple roles.
- Title (REPRESENTATIVE / UBO / DIRECTOR)
- First name (include middle Name(s) as well)
- Last name
- Date of birth
- Nationality
- Address details
- Email contact
- SSN / ITIN (U.S. only)
- ID Document (Non-U.S.)
- Document Type
- Unique Number
- Expiration Date
- Issuing Country
Baseline Document requirements
All documents must be provided via the customers/:reference/documents endpoint or via the Portal (if applicable).
Supported document TypeandSubType for Business verification:
TypeandSubType for Business verification:| Type | SubType | Description |
|---|---|---|
COMPANY_DOC | DIRECTORS_REGISTRY | Directors registry. |
COMPANY_DOC | INCORPORATION_ARTICLES | Memorandum/articles of incorporation/association/registration. |
COMPANY_DOC | INCORPORATION_CERT | Certificate of incorporation/registration. |
POWER_OF_ATTORNEY | POWER_OF_ATTORNEY | Power of attorney. |
COMPANY_DOC | PROOF_OF_ADDRESS | Proof of address (e.g., utility bill, rent contract). |
COMPANY_DOC | SHAREHOLDER_REGISTRY | Shareholder registry. |
TRANSPARENCY_REGISTRY_EXTRACT | STATE_REGISTRY | Recent excerpt from a state company registry. |
COMPANY_DOC | OTHER | Document subtype for cases not listed above. |
Vertical (Industry) Specific requirements
| Type | SubType | Description |
|---|---|---|
COMPANY_DOC | OTHER | Document type and subtype for all the cases listed below. |
Fintech
- AML Policy
- FCA registration evidence (if UK-based)
- Sample customer transaction monitoring logs
Payment Service Providers (PSP)
- License or regulatory registration document
- Flow of funds diagram
- List of partner banks / payment networks
Gambling / Gaming
- Gambling license
- Responsible gaming policy
- Country restrictions list
Crypto
- VASP registration
- Travel Rule implementation policy
- Blockchain analytics provider contract
- Financial Services (Non-Bank)
- Regulatory status declaration
- Internal risk assessment procedures
- Client asset safeguarding policy
Enhanced Due Diligence (EDD)
Triggered for high-risk jurisdictions, industries, or adverse media hits
- Independent audit letter
- Legal opinion on structure (if complex)
- Ongoing monitoring procedures
Updated 22 days ago